IL&FS board charges former directors of money laundering

They have also been accused of extending loans for criminal intent of falsification of repayment by a number of borrowers, including some entities associated with large corporate groups. Tasked......

IL&FS and Rs 13,000-cr worth of fishy deals

A report has identified 29 instances where it appears that the loans disbursed to borrowers were in turn utilised by their group companies to repay the existing debt obligations with IL&FS......

How govt is blatantly misusing LIC to save failing companies

Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and......

IL&FS to raise Rs 15,000 crore, hike borrowing limit

The IL&FS group has a complicated structure, with the holding company owning stakes in its financial services arm as well as the subsidiaries that operate its infrastructure assets. Infrastructure......